Income generated from agricultural advances by state cooperative banks and district central cooperative banks is likely to be exempted from tax from 2008-09. The finance ministry is considering a proposal to this effect in order to boost farm sector
Gratuity - a Right not Bounty The Supreme Court has ruled that, Gratuity is an inalienable right of an employee and not a bounty or reward that is offered by the management, A Bench of Justices S B Sinha and H S Bedi said that when a benefit is
The new head of India's stock market regulator is the first person with a background in stock market regulation to be named to the position and while some experts say he is just the man for the job, others point to the significant challenges he will
OFFICE OF THE COMPTROLLER & AUDITOR GENERAL OF INDIA 10, Bahadur Shah Zafar Marg, New Delhi-110124. Updation of data for empanelment by the Chartered Accountant firms for the year 2008-2009The Chartered Accountant firms who had applied for empanelme
February, 12th 2008 Management accountants are the conscious keepers of an organisation, says Charles Tilley, chief executive officer, Chartered Institute of Management Accountants (CIMA), UK. In conversation with Rayana Pandey
No.402/92/2006-MC (10 of 2008) Government of India / Ministry of Finance Department of RevenueCentral Board of Direct Taxes*** New Delhi dated the 12th February 2008 PRESS RELEASE All tax deductors / &
C B Bhave leads race for SEBI ChairmanC B Bhave, chairman and managing director of National Securities Depository Ltd (NSDL has emerged frontrunner to become SEBI chairman . After being in-charge of the secondary market department as one of the two s
Budget allocation for minorities todouble In what is likely to be fodder for the Opposition BJPbefore the elections, the coming Union Budget is likely to double theallocation for minorities' welfare schemes. Sources said the focus on
Costing Standards and Cost Audit to be Reviewed:Experts Reviewing of cost accounting and cost audit is a new order from the Government. Cost accounting, through the determination and allocation of costs to various products, provides a valu
Wider Service Tax Net May Nip Hard The service tax net is likely to be stretched and more items will be brought under its ambit. Hotel room tariffs, domestic air travel (business class) and the premium on life insurance policies are